Middleby Management
Management criteria checks 4/4
Middleby's CEO is Tim FitzGerald, appointed in Feb 2019, has a tenure of 5.83 years. total yearly compensation is $8.43M, comprised of 11.6% salary and 88.4% bonuses, including company stock and options. directly owns 0.74% of the company’s shares, worth $54.17M. The average tenure of the management team and the board of directors is 3.8 years and 7.6 years respectively.
Key information
Tim FitzGerald
Chief executive officer
US$8.4m
Total compensation
| CEO salary percentage | 11.6% |
| CEO tenure | 5.8yrs |
| CEO ownership | 0.7% |
| Management average tenure | 3.8yrs |
| Board average tenure | 7.6yrs |
Recent management updates
Recent updates
The Middleby Corporation's (NASDAQ:MIDD) Subdued P/E Might Signal An Opportunity
Dec 20
An Intrinsic Calculation For The Middleby Corporation (NASDAQ:MIDD) Suggests It's 44% Undervalued
Dec 05What Does The Middleby Corporation's (NASDAQ:MIDD) Share Price Indicate?
Nov 19The Middleby Corporation Just Missed EPS By 8.2%: Here's What Analysts Think Will Happen Next
Nov 03The Middleby Corporation: Organic Growth In The CF Segment Continues To Be Poor
Nov 02Here's Why Middleby (NASDAQ:MIDD) Can Manage Its Debt Responsibly
Sep 19Is The Middleby Corporation (NASDAQ:MIDD) Trading At A 47% Discount?
Sep 04Many Still Looking Away From The Middleby Corporation (NASDAQ:MIDD)
Aug 19Middleby: Rating Upgrade To Neutral Given Recent Results And Macro Developments
Aug 16When Should You Buy The Middleby Corporation (NASDAQ:MIDD)?
Jul 29Investors Met With Slowing Returns on Capital At Middleby (NASDAQ:MIDD)
Jul 01Middleby (NASDAQ:MIDD) Has A Pretty Healthy Balance Sheet
Jun 18The Middleby Corporation: Rating Downgrade On Potential FY24 EBITDA Miss
Jun 14An Intrinsic Calculation For The Middleby Corporation (NASDAQ:MIDD) Suggests It's 41% Undervalued
Jun 04Take Care Before Diving Into The Deep End On The Middleby Corporation (NASDAQ:MIDD)
May 06The Middleby Corporation: Continued Growth And Cheap Stock Should Lead The Way Higher
Apr 01Here's What To Make Of Middleby's (NASDAQ:MIDD) Decelerating Rates Of Return
Mar 21Here's Why Middleby (NASDAQ:MIDD) Can Manage Its Debt Responsibly
Feb 19Is There Now An Opportunity In The Middleby Corporation (NASDAQ:MIDD)?
Feb 05With EPS Growth And More, Middleby (NASDAQ:MIDD) Makes An Interesting Case
Jan 22Middleby acquires Colussi Ermes to enhance automated food safety solutions
Jul 27Middleby acquires CP Packaging, expands offerings in packaging inovation
Jul 12Middleby acquires Italian automation solutions firm
Jun 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 28 2024 | n/a | n/a | US$392m |
| Jun 29 2024 | n/a | n/a | US$387m |
| Mar 30 2024 | n/a | n/a | US$388m |
| Dec 30 2023 | US$8m | US$975k | US$401m |
| Sep 30 2023 | n/a | n/a | US$458m |
| Jul 01 2023 | n/a | n/a | US$454m |
| Apr 01 2023 | n/a | n/a | US$450m |
| Dec 31 2022 | US$9m | US$975k | US$437m |
| Oct 01 2022 | n/a | n/a | US$406m |
| Jul 02 2022 | n/a | n/a | US$478m |
| Apr 02 2022 | n/a | n/a | US$485m |
| Jan 01 2022 | US$9m | US$975k | US$488m |
| Oct 02 2021 | n/a | n/a | US$438m |
| Jul 03 2021 | n/a | n/a | US$322m |
| Apr 03 2021 | n/a | n/a | US$223m |
| Jan 02 2021 | US$5m | US$975k | US$207m |
| Sep 26 2020 | n/a | n/a | US$264m |
| Jun 27 2020 | n/a | n/a | US$286m |
| Mar 28 2020 | n/a | n/a | US$357m |
| Dec 28 2019 | US$7m | US$975k | US$352m |
| Sep 28 2019 | n/a | n/a | US$338m |
| Jun 29 2019 | n/a | n/a | US$329m |
| Mar 30 2019 | n/a | n/a | US$321m |
| Dec 29 2018 | US$4m | US$850k | US$317m |
Compensation vs Market: Tim's total compensation ($USD8.43M) is about average for companies of similar size in the US market ($USD7.98M).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
CEO
Tim FitzGerald (54 yo)
5.8yrs
Tenure
US$8,434,879
Compensation
Mr. Timothy J. FitzGerald, also known as Tim, has been Chief Executive Officer and Director since February 16, 2019 and served as the Chief Financial Officer of The Middleby Corporation (formerly known as...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 5.8yrs | US$8.43m | 0.74% $ 54.2m | |
| Chief Financial Officer | 5.8yrs | US$2.99m | 0.056% $ 4.1m | |
| Chief Technology & Operations Officer | 3.8yrs | US$3.75m | 0.067% $ 4.9m | |
| Chief Commercial Officer | 3.8yrs | US$3.75m | 0.063% $ 4.7m | |
| Chief Development Officer | 1.6yrs | US$2.31m | 0.057% $ 4.2m | |
| Chief Accounting Officer | 1.6yrs | no data | 0.025% $ 1.8m | |
| Division President of Middleby India & Global Chief Information Officer | 11.1yrs | no data | no data | |
| General Counsel & Secretary | no data | no data | no data | |
| Director of Corporate Communications | no data | no data | no data | |
| Group President of business operations in Asia | 3.8yrs | no data | no data | |
| President Food Processing Group | no data | US$583.49k | no data | |
| VP of Supply Chain & Group President of Houno A/S | 15.9yrs | no data | no data |
3.8yrs
Average Tenure
53yo
Average Age
Experienced Management: MIDD's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 5.8yrs | US$8.43m | 0.74% $ 54.2m | |
| Independent Chairman of the Board | 19.6yrs | US$288.09k | 0.074% $ 5.5m | |
| Independent Director | 46.9yrs | US$288.09k | 0.018% $ 1.3m | |
| Independent Director | 9.1yrs | US$288.09k | 0.014% $ 1.0m | |
| Independent Director | 11.1yrs | US$288.09k | 0.010% $ 747.2k | |
| Independent Director | 5.3yrs | US$263.09k | 0.041% $ 3.0m | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 7.6yrs | US$263.09k | 0.022% $ 1.6m | |
| Independent Director | less than a year | no data | no data |
7.6yrs
Average Tenure
60yo
Average Age
Experienced Board: MIDD's board of directors are considered experienced (7.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 06:01 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/28 |
| Annual Earnings | 2023/12/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
The Middleby Corporation is covered by 25 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mircea Dobre | Baird |
| Adam Seiden | Barclays |
| Christopher Williams | BB&T Capital Markets |